IGP-DI varies by 1.07% in March
The General Price Index – Internal Availability (IGP-DI) rose by 1.07% in March, a percentage lower than that recorded in the previous month, when the rate was 1.25%. With this result, the index accumulated an increase of 2.41% in the year and 8.27% in 12 months. In March 2018, the index had risen by 0.56% and accumulated a 0.76% increase in 12 months.
The Broad Producer Price Index (IPA) rose by 1.35% in March. In February, the rate was 1.79%. In the analysis by processing stages, the rate of the Final Goods group varied by 1.70% in March after recording a 1.77% increase in February. The main reason for this decline was the fresh foods subgroup, whose rate went from 23.32% to 8.13%. The Final Goods (ex) index, which results from the exclusion of fresh foods and fuels for consumption, rose by 0.35% in March, down from 0.29% in February.
The Intermediate Goods group rate went from 0.16% in February to 0.68% in March. This movement was due mainly to the materials and components for manufacturing subgroup, whose rate went from -0.94% to -0.31%. The Intermediate Goods (ex) Index, calculated after excluding fuels and lubricants for production, increased by 0.26% in March, down from 0.74% in the previous month.
The Gross Raw Materials stage varied by 1.75% in March. In February, the rate had risen by 3.85%. The following items contributed to the group’s rate slowdown: iron ore (12.26% to 0.10%), fresh milk (9.24% to 3.44%), and corn (grain) (3.70% to 1.13%). In the opposite direction, it is worth mentioning soybeans (grain) (0.35% to 2.13%), poultry (2.88% to 7.92%), and cattle (-0.13% to 1.39%).
The Consumer Producer Price Index (CPI) rose by 0.65% in March, compared to 0.35% in the previous month. Five of the eight component expenditure classes of the index reported an increase in their variation rates. The main contribution to the increase in the CPI rate came from the Transportation group (-0.01% to 1.22%). In this expenditure class, it is worth mentioning the behavior of the item gasoline, whose rate went from -1.71% to 3.05%.
The Education, Reading and Recreation (-0.65% to 0.02%), Food (0.94% to 1.10%), Clothing (-0.13% to 0.50%) and Communication (0.00% to 0.19%) also reported an increase. In these expenditure classes, the main influences observed were music concert (-3.17% to 3.55%), vegetables and legumes (5.93% to 13.42%), clothing (-0.10% to 0.72%) and landline telephone and Internet packs (0.00% to 0.98%).
In contrast, the groups Housing (0.44% to 0.36%), Health and Personal Care (0.50% to 0.37%) and Miscellaneous Expenses (0.10% to -0.04%) showed a decline in their variation rates. In these expenditure classes, the largest decreases were observed in the rates of the following items: piped gas bill (3.91% to -1.10%), beauty salon (0.52% to 0.17%), and in-store Internet access (0.60% to -0.46%).
The core CPI recorded a rate of 0.32% in March, down from 0.35% in the previous month. Of the 85 CPI component items, 44 were excluded from the core calculation. Of these, 24 presented rates below 0.05%, the bottom cut-off line, and 20 recorded variations above 0.67%, the top cut-off line. In March, the diffusion index, which measures the proportion of items with a positive variation rate, was 66.86%, being 8.28 percentage points higher than in February, when the index was 58.58%.
The Civil Construction Index (INCC) rose by 0.31% in March, down from 0.09% in the previous month. The three component groups of the INCC reported the following changes in the period from February to March: Materials and Equipment (0.02% to 0.56%), Services (0.61% to 0.49%), and Workforce (0.04% to 0.12%).
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